stragetic-reason-for-doing-business-inSingapore

Singapore  has become an ideal place for entrepreneurs and established companies all over the world to set up a new business or expand their market. There are some key economic factor that you can consider to choose Singapore as your “destination”

singapore-map

Geography

Location and Geography: Singapore lies at the tip of the Malay peninsula. It borders Malaysia, Indonesia, and Brunei. Its area is 248 square miles (642 square kilometers), including the main island and some sixty islets. The main island is flat with a hilly region in the middle. The highest point is Bukit Timah, feet (206 meters) above sea level. The climate is tropical with high humidity and abundant rainfall, especially during the northeast monsoon in December to March. The period of the southwest monsoon (June to September) is usually the driest.

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Society
Demography. Singapore has a population of about 5.5 million     (July 2014), 4.5 million of whom are citizens and permanent residents. The others are mainly foreign workers. The Chinese constitute about 78 percent, the Malays 14 percent, the Indians 7 percent, and others 1 percent of the population. The ethnic composition of the population has been relatively

 

economic-development

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices. Fifty years ago, the city-state of Singapore was an undeveloped country with a GDP per capita of less than US $320. Today, it is one of the world's fastest growing economies. Its GDP per capita has risen to an incredible US $60,000, making it the sixth highest in the world based on Central Intelligence Agency figures. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub. . For a country that lacks territory and natural resources, Singapore's economic ascension is nothing short of remarkable. By embracing globalization, free market capitalism, education, and strict pragmatic policies, the country has been able to overcome their geographic disadvantages and become a leader in global commerce

business-opportunities

Top 10 Best Small Business Investment Opportunities in Singapore for Foreigners

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